Icelandair Group hf.: First day of trading in warrants

Warrants were issued to all investors that got allotted shares in the Company’s Offering that concluded on 17 September 2020. The Warrants have been delivered to investors and will start trading on the Nasdaq Iceland Main Market today 13 October under the following ticker symbols: ICEAIRW130821, ICEAIRW180222 and ICEAIRW120822

Investors will be able to trade the Warrants independently of the shares until the start of their respective exercise periods which are as follows:

Warrant ticker	Warrant Class ISIN	Trading period closing date	Exercise period	Payment date	Exercise price
ICEAIRW130821	IS0000032266	02.08.2021	03.-13.08.2021	19.08.2021	1.13
ICEAIRW180222	IS0000032258	07.02.2022	08.-18.02.2022	24.02.2022	1.22
ICEAIRW120822	IS0000032274	01.08.2022	02.-12.08.2022	18.08.2022	1.30

For all further information regarding the Warrants reference is made to the Company’s Prospectus, dated 8 October 2020.

Contact information
Investors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: iris@icelandairgroup.is
Media: Asdis Petursdottir, Director Communications. E-mail: asdis@icelandair.is